GOP Women Turn on the Charm to Court Vote

Paul Vigna and John McKinnon discuss the role GOP women are playing at the Republican Convention, and Jerry Dicolo looks at how Hurricane Isaac is affecting oil and gas prices.

This transcript has been automatically generated and may not be 100% accurate.

... I ... I ... and working moms ... the jobs ... that like to which is the less to spend more time with the kids ... that is just the question that this economy ... and it was ladies night last night that the Republican National Convention ... the GOP trying to get out the women's vote a string ... of female representatives of the party last night speaking ... trying to dispel this notion that the Republicans ... are against women ... Act were starting today this morning on the markets of morning I'm Paul vignette ... join by John McCain who is down at the convention in Florida ... covering an audition for the Journal ... of the morning John ... ransom is probably ... what can we learned last night from this string of female speakers ... well I think we learned that the Republicans are trying to make a case to the American people that ... really if there's a war on women it's not ... enforce lead the Obama administration that ... is waging an that's the message that they're basing on the fact that ... um that the down economy the sluggish economy has been very tough on ... working women and single mothers and ... just generally middle-class families ... and said they were trying to make the point that ... um you know ... the Obama administration bears the blame for this economy and ... Ann Romney is the isthe guys can turn it around ... right ... seems like they're they're general argument ... for everything protective when and ... that's the general argument that define argument ... how does that specifically address women voters as opposed to just ... you and me and everybody else ... um I think that ... they're making the point that ... um ... there are often there's a segment of society of single mothers ... and ... working mothers ... who have suffered a lot in this economy and as they had they cited some statistical evidence ... to back this point out that ... that that segment that demographic has been especially hard hit ... in this economy and am Romney was making the point that ... you know just about everything seems to be going up in price and ... other speakers pointed to the unemployment ... rate for this demographic to the number of women who lost jobs ... beat there's other um they're certainly other statistics to point to that would suggest that ... and ... a ... certain male demographics of also suffered but ... their lease trying to make the rhetorical point that ... of single mothers ... working mothers have been taking a hit ... right ... John and did any of them mentioned taught a tango shows to watch every single speech less than four son of a dead stop ... did any of them agent Audi can get it seems like the real crux of this issue but Republicans being guess when it ... is comes down to abortion and especially what represented making said the other week I did any of them address that hat on ... I ... feel like you I didn't hear every single word of every speaker but I've no one of the tiny listen to and I listened to a lot of them yesterday no one mentions ... of ... Mr. Akeena nobody ... that I recall really got into those sorts of very ... troubling ... police are in your issues ... and I think that ... that was very purposeful on the speakers ... parts I think they're trying to stay away from ... social issues in general that are very divisive ... of between ... some men and ... women ... and so I think they're really trying to stay focused on economic concerns ... right Gorges will find it ... but the the real issue is it comes down to tidy your hair while ... you say that is understanding biology is less than a tenth grader ... in his positions on abortion are pretty much party ... are for your standard within the party right ... that's true ... but you have to keep in mind I think to some degree that ... even met Romney ... has ... expressed some slight variant variances from ... the official party platform so ... you think that the Republicans are trying to suggest without talking about a lot ... that there is room for disagreement and that it's ... not it's not a big tent at least a bigger tent then ... you might think from reading apply for ... my ... a jealous person but am Romney because they did whatever you're right it's it's an uncomfortable ... write ... and tell Intesa was the reaction to an Romney's speech issues ... do very well ... ah what are they saying this morning about her ... you know I I start to a couple of people this morning you were in the room ... who ... said that it was just ... an extraordinary moment and that you know people and ... of people in the stands were weeping openly I'd thought on watching on TV I thought I saw ... unit in self ... getting a little bit emotional their ... even weepy ... and this is not the kind of thing that people associate with of Mitt Romney ... the private equity executive so it was an extraordinary moment I thought she did very very well now ... and I cannot listen John stay with us to talk about another issue second ... bought right now to wanna tell you that tonight ... Wall Street Journal we'll be covering noting the election the convention ... prime-time Paul Ryan's speech but in nine eight nine pm ... stay with us come to the convention coverage live primetime ... with ... Wall Street Journal managing dippy managing director Alan Murray hosting that you don't want to miss it ... all to come back a little more convention covered in to the tax issue ... the ... special prime time coverage of the Republican National Convention ... that night ... on WS J live ... and obviously may still want you to one of the big issues the selection of course ... taxes the tax code what can you do about it not too much welcome it corporations do about it ... well they can do more and some of them are actually voting with their feet so to speak ... John McKinnon is down at the convention with this story ... on Josh's isn't necessarily a an election story per se what euro ... what companies are doing in regards to attack us ... very interesting isn't it ... yet is that it's a trend that I think people haven't really noticed yet ... aam ... but some pretty big companies ... recently have made the decision ... to move to update you know friendly your clients ... in ... one of the big reasons of course is that what they perceive as the problems with ... the U S tax system the corporate rate for the United States is ... essentially the highest in the developed world ... and the U S also has an unusual feature ... in its attempts to tax of ... companies on their global earnings not just the money they earn in the United States ... other developed countries by and large have decided only to tax ... the revenue is raised in there ... in the air ... porters ... and so ... more U S companies are trying to do this you seen a encore ... which is this Chicago based insurance ... brokerage essentially ... Eaton Corporation which is AP a good time ... maker of truck and auto parts as well as power systems ... they've ... decided to move to Ireland ... so there is of little bit of a trend underway about ten companies in the last ... three years I'd say ... as ... we have made this decision ... to move in ... you know those numbers are getting up to the level that you saw in the late nineteen nineties ... when ... there was a lot of attention being paid to this issue and so ... it's a little bit troubling in a bit of a symptom of the ... of the problems the company's perceive with that the tax system ... right ... now we know in two thousand for a lot from the books to try to prevent some these companies are doing this ... the last team to hold for awhile but it is one of the last year ... these companies are moving abroad ... what has changed within the last year or so has anything changed ... well you know whenever you put a rule in place ... in the tax system ... he takes a little while for the the bright minds on Wall Street and that the accounting firms in at the big law firms ... to start to figure out ways to ... aam work around the new rules and so it just took a few years I think ... for people to figure out a way to ... find to work the exceptions in this role in this role was not ... you know a blanket prohibition it was ... a very complicated rule and lotsa different ... levels of enforcement and so ... people found ways to to get around it basically ... some ... companies are leaving bike by going through what's called a reverse merger ... other companies have taken advantage of another exception that exists for ... moving to come to a country where you have a lot of operations ... um and so ... they will continue to try to do that ... for ... sure I would note I've gone on on the books TV top affected the for profit or for rate thirty five percent ... of the novel Rick effective rate is obviously a lot lower for alot companies lot Coming to figure out a way not to pay the thirty five percent ... how how are these two things get robot resolve the fact that companies are complaining about high taxes ... but the lack of reason in prior Lake to go the way it is right now because it's so easy for them the game ... that's right I mean there are lots of ... different FX ATC for different companies ... of multinational companies in general ... I have a lot of tax benefits because of various ... loopholes and exceptions that exists ... in the roles ... but at the same time there's ... a surprising level of consensus I wouldn't say complete consensus but a lot of people agreed that ... the U S corporate rate ... is too high and it has certain ... undesirable effects on the U S economy ... even the Obama administration said in their framework earlier this year ... that the rate is too high ... and it's ... causing um ... you know ... a lack of investment ... in the US ... and people believe this is a lack of investment both on the part of foreign companies and on the part of us ... of multinationals there are a certainly something that will be addressed in the next administration ... will never happens to be leading if John McCain and they carry much appreciate your time sir ... when we returned Isaac slams into the Gulf Coast was a need for oil prices were is it mean for the gas to pain at the pump so we come back ... Wall Street Journal special prime time coverage of the Republican National Convention ... that night ... on WS J live ... that is a live shot in New Orleans the big easy getting struck by ... another again on the seventh anniversary of Katrina that disastrous Hurricane Isaac ... made landfall the can see there ... the house is holding up ok but clearly ... new Orleans and the entire Gulf Coast ... getting hit by eyes in what is it mean for oil would it mean for oil prices ... that is trying to was going on in in the oil patch in general ... prices of been rising with Target clothes with us or more of a person to pump in going up again on Friday we invest more in cinema pessimism is the spread has come into classic U S Gulf Coast hurricane fire drill ... is is that you know that the storm comes running through the golf ... everyone closes down production they sit there may we be see what happens it goes off through ... prices rise and then everyone looks at the end if nothing happened ... prices in a phone number Sterne actually see that already because it doesn't look like that when when the hurricane season in the tropics from when the upgraded to a great workout our new target when it went through the doth Maxfield didn't seem to cause much of a production issue because it was a tropical storm so it's like to see them start back up pretty quickly ... the rally in crude on the contract amid weakness in crude oil down one percent are still this is part of that we don't exactly right and so now what really that the focus turns to is on land where did it to be honest with with this with eyes that ... their estimate the bigger issue because of the funding for starting to be worried about the refinery so ... the Gulf Coast is ... you know it's the biggest refining refining area in United States ... aam and right now the show basically every refinery down in Louisiana Mississippi areas ... and so we have to check out now is one says things through when it drops twenty inches thirty inches of rain with with the predicting that this is amazing to flooded when the concert the the app be up and cranking out a ... string of gasoline and diesel again ... and there is an issue right now which is that ... currently ... gasoline supplies are pretty tame us humans seen them rise throughout the summer new or that ... I think around ... three seventy six a gallon us that this is very high for this time of year ... and so if if those refiners can start up very quickly again ... aam we could have some issues go into labor day and in in in the next we saw how would you think that we'd know maybe in a couple of the we get it'll be it'll be it'll right now ... the focus is on the Stuart's was happening in loans it was happening you know on those refineries ... on the city from the Nautilus the beverage ... and so we have to see what's been the go go through there was can happen if anticipate ... next Goebel Daylesford in a report from the refinery's locals frivolous startup will start will start up in a couple weeks there's a there's been any service disruptions rethink ... will start to get the gasoline diesel flowing if not ... if some of those refineries are down to clear some the big ones are down ... that's who we can really serve having an issue ... so ... there is happening with this storm right now in the Gulf Coast ... how long will it take that to filter down to the tank to the pump for a while I mean we can see we can see I'm ... prices move up fairly quickly within the next couple of weeks if they were to move ... on and we saw when aam I think when I came through Hurricane Ike into thousandeight in a torsion there were some local art supply issues to route the southeast ... there were sending up races in actually meetings and shorted local a shortage isn't ... as far away as South Carolina Georgia those kind of areas that are in line on these refineries ... what it is good ... is good at two dollars gal ... not very good in Riga and I carried a cold thank you very much to talk he says ... we have been watching at the market people on the Cape the Ba'ath eleven am I it's a it's been catatonic practically an August body and stock trading By has been very very low ... isn't a warning sign though is a signal of anything ... Mark Albers MarketWatch says no ... the trademark know I should be worried ... a summary of what I ... hear you ... cry so well things get segment iPlayer ... not to say I mean ... everyone gets old we doubt about the trading by being so low and they are really low ... but you say that's not a cause for concern ... what is right for tomorrow react remember it trade bonds are always loan on this and then you go back and look at the ... monthly average trading on every month or encountered going back decades August reliably is ... the lowest month of the year ... with one exception or couple actually good ... friends with common one was last year that laughter is the exception may recall was when U S debt ... was downgraded by a team unraveling the X ray bonds last year were were pretty ... good on the other hand ... that was not a great time for the market we should be careful what you wish for ... yes they say ... all were singing is summer vacations Ferrari traders and investors ... not it's ... not always taken aback by ... people who were surprised by something that is utterly predictable yet ... the carport or that it's not just that by Angelo this August they are rising one of the role is low ... the dog days of summer ... but the volumes have been trending down ... in price since the height of the crisis reparations two thousand and nine ... I in what you make of this blog it built a while to leave in the market mom and pop has left the market is a left in the market whose trading ... I mean is is this ... just all get through this part of a larger whole ... you know I actually know should I don't think we know for sure what's going on yes that might be a ... first concerned that the cover things like high currency trading ... the July peak of my members were completely skewed so that we really don't know what's going on anyway after all and remember ... I frequency trader as the market the identity of the market in the nation has not been that long and doesn't represent any net introduction of new money into the market ... they plan to be in the stocks for for a nanosecond or whatever instrument that it's not something that they're going to ... I'll provide a base for future rises in the stock market so ... that's a decade ago high on him and yes there was more money more conviction on the part of a trend ... what we can we find them today ... wow ... that's interesting I let's talk about September ... by Labor day is coming up this month is pretty much over ... boarding see happening never come back from vacation the volumes going to go up again what you see happening in September ... let's hear it when you make of me getting off the ... lights a fire that changes lives that every you're absolutely right Trading Partners worldwide every a backup in September ... and September is also reliably one of the worst months of the can in fact if you look at on average ... September is by far the worst month of the counter doesn't even come close to that is needed to guarantee each and every year but it's ... so much more worse than than than than than the average that they even skeptical statisticians at the site up and take notice so ... I it's a IIa Nagar from the seasonal point of units ever media struggling this year and then ... my sentiment were would suggest that the thing I look at the sentiments of our advisors ... in right now there's too much optimism out there that according to my measurements that she does them are all ... Shazam for the money ... yet not too much optimism I let's leave it there Mark Albers thank you very much ... talking next week ... that's the end of our show clearly not the end of our programming day or night ... come back tonight dubious J dot com dubious J live we'll be covering ... the convention primetime live coverage ... starts at nine thirty speakers and include former ... ins take on the right to sue them or work in its TV and other New Mexico and of course vice-presidential candidate Paul Ryan ... making edible and seal it